233 S 3rd Ave Upland, CA 91786
Highlights
- Property is near public transit
- Lawn
- Laundry Room
- Edison Elementary School Rated A-
- Shutters
- 3-minute walk to Olivedale Park
About This Home
As of April 2016Located within walking distance of Historic Downtown Upland and the Metro Link Station, this cash positive 5 unit property offers the best opportunity in the entire city of Upland! The front house is 1800 Sqft with 3 bedrooms and 2 baths, laundry room, it's own driveway and garage... and is remodeled. Behind the private yard of the main front house is a 4-Plex that has 4 sets of 2 bedroom 1 bath units. 2 have fireplaces, 2 downstairs units have their own yards and the upstairs units have oversized patios. All of the units have dual pane windows and 3 have been fully remodeled. All 4 units are rented, 3 at $1,250 a month and 1 at $1,300. There is a garage for each of the 4 units (front house has it's own) and a community laundry that affords additional income as well. The front house is currently occupied by the owners but could be rented for $1,800 or more a month. This is the best income producing property for sale in the entire city. There are also opportunities for a carry back from the original owner of the property, contact listing agent for further information.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 10,246 Sq Ft Lot
- Two or More Common Walls
- Landscaped
- Sprinkler System
- Lawn
- Front Yard
Parking
- 5 Car Garage
- Driveway
- On-Street Parking
Home Design
- Property Attached
- Turnkey
Interior Spaces
- 5,400 Sq Ft Home
- Shutters
- Living Room with Fireplace
- Laundry Room
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Additional Features
- Exterior Lighting
- Property is near public transit
- Central Heating and Cooling System
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 33
- Tax Tract Number 8042
- Assessor Parcel Number 1047063170000
Community Details
Overview
- 2 Buildings
- 5 Units
Amenities
- Laundry Facilities
Building Details
- 4 Leased Units
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $3,800
- Trash Expense $1,536
- Water Sewer Expense $1,200
- Gross Income $6,050
- Net Operating Income $65,600
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/15/2016 04/15/16 | Sold | $1,270,000 | -15.3% | $235 / Sq Ft |
| 04/01/2016 04/01/16 | Pending | -- | -- | -- |
| 03/01/2016 03/01/16 | For Sale | $1,500,000 | +50.0% | $278 / Sq Ft |
| 04/17/2015 04/17/15 | Sold | $1,000,000 | 0.0% | $185 / Sq Ft |
| 02/10/2015 02/10/15 | Pending | -- | -- | -- |
| 02/10/2015 02/10/15 | For Sale | $1,000,000 | -- | $185 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV16043316
APN: 1047-063-17
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